Palliser Capital Calls for Rio Tinto to Unify Dual Listing [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
Palliser calls for independent review and detailed report on the merits of unification Materials available on newly launched website: UnifyRio.com LONDON, December 04, 2024 BUSINESS WIRE )--Palliser Capital ("Palliser"), an investor with a significant economic position in Rio Tinto Plc (LSE: RIO) and Rio Tinto Limited (ASX: RIO), collectively referred to as "Rio Tinto" or "the Company"), today released a presentation and letter to the Rio Tinto Board of Directors ("the Board") calling for the unification of their dual listed company structure on the London Stock Exchange and Australian Stock Exchange into a single Australian domiciled holding company. The presentation and letter outline why the current dual listed company structure has led to approximately US$50 billion in value destruction for shareholders since its inception, which include limiting the Company's ability to pursue stock-based M&A and inefficiently utilizing its Australian franking credits. Palliser also refute
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RIO
News
- Appointment of Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Midland, in Partnership With RTEC, Continues to Intersect Spodumene Pegmatites on the Galinée Project [Canadian Business Journal (Canada)]Canadian Business Journal
- Rio Tinto appoints new Chief People Officer [Yahoo! Finance]Yahoo! Finance
- Rio Tinto appoints new Chief People OfficerBusiness Wire
- Palliser Capital Announces Submission of Resolution to Rio Tinto Calling for Independent Review on Unifying Dual Listing [Yahoo! Finance]Yahoo! Finance
RIO
Sec Filings
- 10/9/24 - Form DEFA14A
- 10/9/24 - Form DEFA14A
- 10/2/24 - Form 6-K
- RIO's page on the SEC website